BUYERS

  • Save money on your state income taxes

  • Replace quarterly estimated payments

  • Control how your state tax dollars are spent

  • Know that your purchase supports conservation and innovation in South Carolina

You purchase credits at a discount to the face value that you claim on your state income tax return. Use credits in a year that you have high tax liability, or make it a habit and reduce the cost of your state income taxes annually. Taxpayers may use conservation credits to the full extent of their state income tax liability up to $52,500 in any one year. Any unused portion may be carried forward until used or transferred.

 

Angel credits can be used in any amount and in combination with conservation credits.  Angel credits can be carried forward for up to 9 years from the year they were originally earned. 

Six reasons tax credit holders work with us:

Focus – We are the only organization chartered for the sole purpose of making a market in South Carolina Conservation and Angel Tax Credits.

Competitive Price – The Exchange works to find credits for you and educate potential sellers of the benefits of selling credits.

Professional Assistance – Unlike other states that currently allow the transfer of conservation tax credits, South Carolina requires not only notification to the state but also approval of the transfer before you can proceed. We will work through the South Carolina Department of Revenue process to obtain approval.

Value – We are the one-stop-shop for transferring credits. We review credits to see if they meet our rigorous standards and we work with the Department of Revenue to gain approval. In short, we do the work for you.

Credibility – While no organization can guarantee that the IRS won’t challenge the value of conservation donations. We add vast experience and understanding about conservation easements, land trusts and tax law. Our added level of review and credibility offers a higher degree of confidence to you – and to others – that the conservation donation is both in keeping with the IRS and South Carolina tax code and is appropriately valued.

Timeliness – We will ensure that your credit transaction is completed in a timely fashion.

Example of Potential Savings

Adj. Gross Income SC Tax Liability*

Paid at 15%
Discount

 Savings
$250,000 $17,000 $14,450 $2,550
$350,000 $24,000 $20,400 $3,600
$500,000 $34,500 $29,300 $5,200
$600,000 $41,500 $35,275 $6,225
*Assumes joint filers, 2 exemptions, standard deduction

Request Tax Credits

SUBMIT YOUR REQUEST

We will confirm receipt of your request for credits and add you to the waiting list. We will notify you when we have credits available for you.  You’ll then confirm whether you still want the credits.  Once you confirm, you  will have two weeks to pay for the credits.  Please note, you must own credits by year-end to apply them to that tax year’s return.